Loading data...

PEER COMPANIES

This is Swati Verma and I will bring you a round-up of what all happened during the day's trading, with views and insights from market mavens.

Indian stock benchmarks took US accelerating inflation in their stride as they notched up decent gains, tracking global peers. State-owned lender PNB crashed for the second straight day, reeling under the impact of a huge financial mess. It ended 12 per cent down on the BSE.

Treasury yields, however, jumped in anticipation of faster US interest rate hikes.

But January WPI inflation cooled, giving investors the much-needed headroom.

The Nifty settled a little short of 10,550 while the BSE Sensex added 142 points at 34,297. The 'Doji' pattern on the NSE daily chart points to indecisiveness on the part of bulls at a higher level.

In the Nifty bag, 30 stocks climbed and 19 dropped. One was unchanged.

We have with us AK Prabhakar, IDBI Capital Markets, to share his thoughts on Fundamentals.

Byte 1: AK Prabhakar

Punjab National Bank (PNB) registered the maximum increase in open interest at 39.58 per cent. Apollo Hospitals (18.47 per cent) came second and YES Bank (17.53 per cent) third.